by admin@proficient | Jan 15, 2018 @ 8:51 am | Uncategorized | 0 Comments
IDFC Bank board approves merger with Capital First effective April 1. HDFC’s board approved to raise Rs 13,000 crore by selling shares to institutional investors and QIP. Filatex India’s expansion project at Dahej commences trial production. Trigyn Technologies...
by admin@proficient | Jan 12, 2018 @ 8:52 am | Uncategorized | 0 Comments
TCS Bags Multi-year Contract For TPA For $2 Bn, By Transamerica TPA Is Third Party Administration. MEP Infra unit achieves first milestone payment of 20% of the physical progress for a road project. Indiabulls Real Estate unit to acquire commercial bldg in Gurugram....
by admin@proficient | Jan 11, 2018 @ 8:51 am | Uncategorized | 0 Comments
Maruti Suzuki announces a price increase ranging from Rs 1,700/- to Rs 17,000/-.new prices are effective from 10th January. Gmr Infra set to raise Rs 4000- 5000 cr via Airport biz IPO. Welspun Enterprises signs pact for restructuring Dewas water supply project. GE...
by admin@proficient | Jan 10, 2018 @ 11:54 am | Uncategorized | 0 Comments
Business description from prospectus – Apollo Microsystems is an electronic, electro-mechanical, engineering designs, manufacturing and supplies company. It designs, develops and sells high-performance, mission and time critical solutions to Defence, Space and...
by admin@proficient | Jan 10, 2018 @ 8:52 am | Uncategorized | 0 Comments
INFOSYS: Announced Signing of Advance Pricing Agreement (APA) with the U.S. Internal Revenue Service (IRS). Telecom companies agree with TRAI to up Intra band spectrum cap to 35% from 25%. Cabinet may allow 100 % FDI in Single brand retail via Automatic Route Mumbai...
by admin@proficient | Jan 9, 2018 @ 8:52 am | Uncategorized | 0 Comments
Supreme Court sets aside order cancelling larger tobacco health warnings in India. #GODFRYPHLP #ITC to be on focus. Vedanta leads Electrosteel race with highest offer. Adani Enterprise: Shapoorji Pallonji group set to acquire a commercial project Inspire BKC in...
by admin@proficient | Jan 8, 2018 @ 8:49 am | Uncategorized | 0 Comments
After spending most of the week under profound selling pressure, Nifty came back with roaring bull power towards later half of the week and in fact it closed at another life high. Looking back, we identify a five consecutive week of rise in this index. The next week...
by admin@proficient | Jan 8, 2018 @ 8:49 am | Uncategorized | 0 Comments
Tata Housing and Lodha Group have filed initial bids for Jaypee Infratech. Aban Offshore: Promoters of Aban Offshore Ltd have offered to pay up to $600 million in a one-time settlement to 17 banks to which it collectively owes nearly $2 billion, NBCC received a...
by admin@proficient | Jan 5, 2018 @ 8:52 am | Uncategorized | 0 Comments
Varun Beverages: Co enters into a strategic partnership with PepsiCo India for Tropicana. JSW Energy: Co incorporates JSW Solar to pursue business opportunities in renewable energy space. Promoters to invest $2 billion in Idea, Vodafone to save merger. In Focus:...
by admin@proficient | Jan 4, 2018 @ 8:52 am | Uncategorized | 0 Comments
Greaves Cotton: To make new BS-VI engines for Piaggio. NBCC secured total business of Rs 315 crore in December. Aurionpro Solutions subsidiary Cyberinc to sell its Identity and Access Management business to KPMG in an all cash deal worth Rs 217.6 crore. Stocks to...
by admin@proficient | Jan 3, 2018 @ 8:52 am | Uncategorized | 0 Comments
Electricity tariffs could rise 62-93 paise/kWh across India, says power minister. Focus on #CESC #TATAPOWER #ADANIPOWER India is likely to impose anti- dumping duty of up to USD 397 per tonne on a Chinese chemical used in construction and dyes industry. #Reliance...
by admin@proficient | Jan 2, 2018 @ 8:50 am | Uncategorized | 0 Comments
ONGC has made a significant oil and gas discovery in the Arabian Sea. Prestige Estates to buy CapitaLand’s stake in various entities for Rs 342 crore. Thermax wins Rs 327 cr order for Co-Generation Power plant. SRF commissions 40,000 tonnes per annum chloromethanes...
by admin@proficient | Jan 1, 2018 @ 9:03 am | Uncategorized | 0 Comments
Equity markets bade farewell to 2017 on an emphatic note & closed near to its life high. If fact, Nifty Midcap 50, Nifty 100 as well as a host of other sectoral indices like Nifty Auto, Nifty IT etc indeed closed at their life highs previous Friday. This leaves...
by admin@proficient | Jan 1, 2018 @ 8:53 am | Uncategorized | 0 Comments
Cadila Health gets USFDA final nod for Herpes Drug Valacyclovir USP. GAIL awards major contracts for Pradhan Mantri Urja Ganga Brigade Enterprises acquires 12.95-acre property in Bangalore for Rs 218 crore. Patel Integrated Logistics to acquire 3 acres of land in...
by admin@proficient | Dec 29, 2017 @ 8:52 am | Uncategorized | 0 Comments
Reliance Ind to buy a majority of the wireless assets of Rel communication. Valuation at Rs 23000 cr. Brookfield-Kotak bids for JP Power assets. Equity value of deal pegged at Rs 3500-4000 cr. GTPL Hathway to acquire remaining 49 percent stake in GTPL Surat Telelink...
by admin@proficient | Dec 28, 2017 @ 8:52 am | Uncategorized | 0 Comments
Govt Announces its Borrowing Calendar For the Last Qtr of the Fiscal Decides to Borrow Rs 93,000 Cr Simply put – Govt will Borrow additional Rs 50,000 Cr over and above its initial target. The Centre is likely to impose anti-dumping duty on a Chinese antibiotic...
by admin@proficient | Dec 27, 2017 @ 8:53 am | Uncategorized | 0 Comments
#RCom to get out of SDR. Finalises Rs 39,000-cr debt resolution plan. China Top Copper Producer Halts Output After Pollution Order. Prestige Estates: Acquires 66.67% stake in Prestige Projects for Rs 324 Cr. Jindal Steel completes 250 ton basic Oxygen Furnace at...
by admin@proficient | Dec 26, 2017 @ 8:52 am | Uncategorized | 0 Comments
Cummins in talks to acquire Kirloskar Oil in $500 mn deal. SEBI revokes shell co. status on Prakash industries. GVK Power unit wins bid for 17,06,300 tonnes coal. Tata Power wins mining license project in Russia. EID Parry hives off Biopesticides biz to Coromandel @...
by admin@proficient | Dec 22, 2017 @ 8:55 am | Uncategorized | 0 Comments
TCS wins record $2.25 bn Nielsen outsourcing deal This is the largest ever contract for an Indian IT firm: CEO Rajesh Gopinathan 3i Infotech alloted 10.6 lakh shares against conversion of FCCBs. Aarti Industries to buy back 8.2 lakh shares (1 percent) at Rs 1,200...
by admin@proficient | Dec 21, 2017 @ 8:54 am | Uncategorized | 0 Comments
Dalmia Bharat to acquire bankrupt Murli Industries for Rs 400 cr. RCom: Reports suggested that Mukesh Ambani-led Reliance Jio Infocomm is in race to buy the assets of struggling telecom operator. IVRCL: Infrastructure company IVRCL said it had entered a pact with...
by admin@proficient | Dec 20, 2017 @ 8:55 am | Uncategorized | 0 Comments
Mortgage lender HDFC unveils $2 billion fundraising plan. Tata Steel to increase the capacity of Kalinganagar plant to 8 MTPA with capital expenditure of Rs 23,500 cr. Amara Raja Batteries commissions India’s largest two-wheeler battery Plant in Andhra Pradesh. Au...
by admin@proficient | Dec 19, 2017 @ 8:54 am | Uncategorized | 0 Comments
Supreme Court rules in favour of Kamat Hotels as the prior user of the word “Orchid” in dispute with Orchid Hotels JM Financial approves raising Rs 650 cr via securities. Bank of Baroda to consider raising additional funds on Dec. 22. Gandhi Special Tubes seeking...
by admin@proficient | Dec 18, 2017 @ 8:53 am | Uncategorized | 0 Comments
Dish TV-Videocon d2h merger deal: MIB grants final approval. The Union Cabinet approved a Rs 2,600 cr package for three years to boost job creation in India’s ailing leather and footwear sector. Govt proposes Rs 11k-cr plan to boost domestic solar panel manufacturing....
by admin@proficient | Dec 15, 2017 @ 8:54 am | Uncategorized | 0 Comments
Clark airport expansion: GMR-Megawide consortium pips 6 others with lowest bid. Gulf Oil Lubricants India starts commercial production at new plant in Chennai. Tata Motors to supply 250 Tigor EVs to EESL. Quess Corp acquires 45 percent stake in Simpliance...
by admin@proficient | Dec 14, 2017 @ 8:56 am | Uncategorized | 0 Comments
Federal Reserve hikes Interest Rates by 0.25%. TATA Communications: Board approved proposal to demerge around 773 acres surplus land of Govt Through SPV Hemisphere Properties Ltd To issue shares in the ratio 1:1. CineAsia: India’s PVR Signs Bumper Deal With 4DX....
by admin@proficient | Dec 7, 2017 @ 4:49 pm | Uncategorized | 0 Comments
It is our pleasure to inform you that Proficient is about to launch a new product named ‘Systematic Positional Trading in Nifty Futures’ with the objective of long term wealth generation. You are invited to participate in this program. We trade Nifty in our...
by admin@proficient | Dec 4, 2017 @ 2:47 pm | Uncategorized | 0 Comments
Business description – Shalby Limited is one of the leading multi-specialty chain of hospitals in India. Its hospitals are tertiary care hospitals, few of which also offer quaternary healthcare services to patients in various areas of specialisation such as...
by admin@proficient | Dec 4, 2017 @ 10:30 am | Uncategorized | 0 Comments
In the wake of continuous offloading of shares by institutional funds, market sold off significantly last week & the broader market index Nifty closed below its 50 Day Moving Average. More importantly, we are seeing a lower top on daily chart of the index and...
by admin@proficient | Nov 27, 2017 @ 10:25 am | Uncategorized | 0 Comments
As conveyed in this column previous week, the hammer formation got further credence as Nifty rose each of the five trading sessions this week. The uptrends are therefore continuing in all timeframes but 10400 is serving as a strong support area which if taken out will...
by admin@proficient | Nov 24, 2017 @ 8:49 am | Uncategorized | 0 Comments
Cipla gets US FDA Nod For HIV Drug, Abacavir Sulfate Tablet. Cox & Kings: Cox & Kings-owned Meininger Hotels and Peter Simmel signed an agreement for a hotel in Dresden. The 165 rooms and 639 beds hotel is scheduled to open in the second quarter of 2021....
